Relative Strength

This week's Summary

• The downturn has begun in the commodities
• Corrections take place in Price and Time dimensions, i.e. expect 4-6 weeks as a minimum
• Key leading sectors have failed
• There can be no healthy market without healthy banks (and they look sick)
• expect bounces along the way (like the EURO at 1.43 could bounce early in the week or SILVER in the $33-38 area)
• 75% of the Market still has daily EXH(-austion) readings >> 0.6 (expect the opposite for a bottoming market where 75% << 0.4)